Adani Enterprises Ltd.

Adani Enterprises has received an approval for the proposal to allow additional investment in Adani Power so as to enhance the total promoters’ shareholding up to 75% from about 68% (post amalgamation), subject to compliance with applicable SEBI regulations.

The board at its meeting held on October 25, 2012 has approved for the same. The company has also decided to hike its stake in Adani Power given its long term commitments to power business.